Bob’s Discount Furniture (NYSE:BOBS) Insider William Barton Purchases 22,150 Shares

Bob’s Discount Furniture, Inc. (NYSE:BOBS) insider William Barton acquired 22,150 shares of Bob’s Discount Furniture stock in a transaction that occurred on Friday, May 8th. The stock was acquired at an average cost of $13.56 per share, for a total transaction of $300,354.00. Following the completion of the purchase, the insider directly owned 22,150 shares of the company’s stock, valued at $300,354. This represents a ? increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Bob’s Discount Furniture Trading Down 5.4%

NYSE BOBS traded down $0.71 during trading on Tuesday, hitting $12.46. 1,828,951 shares of the company’s stock were exchanged, compared to its average volume of 1,279,612. The firm’s 50 day moving average price is $13.10. Bob’s Discount Furniture, Inc. has a fifty-two week low of $9.73 and a fifty-two week high of $23.49.

Bob’s Discount Furniture (NYSE:BOBS) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.12). The company had revenue of $578.10 million for the quarter. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.13 earnings per share.

Analyst Ratings Changes

Several equities analysts have commented on BOBS shares. The Goldman Sachs Group started coverage on Bob’s Discount Furniture in a research report on Monday, March 2nd. They issued a “neutral” rating and a $25.00 target price for the company. Raymond James Financial upgraded Bob’s Discount Furniture to a “moderate buy” rating in a report on Monday, March 2nd. JPMorgan Chase & Co. lowered their price objective on Bob’s Discount Furniture from $29.00 to $26.00 and set an “overweight” rating for the company in a research report on Wednesday, March 18th. UBS Group lowered their price objective on shares of Bob’s Discount Furniture from $27.00 to $24.00 and set a “buy” rating for the company in a research note on Tuesday, May 5th. Finally, Craig Hallum began coverage on shares of Bob’s Discount Furniture in a research report on Wednesday, April 1st. They set a “buy” rating and a $21.00 target price on the stock. Eleven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $22.92.

Bob’s Discount Furniture Company Profile

Bob’s Discount Furniture (NYSE: BOBS) is a U.S.-based specialty retailer of residential furniture and home furnishings. The company operates a network of company-owned showrooms alongside an e-commerce platform to sell living room, bedroom and dining furniture, mattresses, home office pieces, and decorative accessories. Its merchandising and marketing emphasize value-oriented pricing and broad selection across mainstream categories.

In addition to merchandise sales, Bob’s Discount Furniture offers services commonly associated with full-service furniture retail, including delivery, white-glove setup in some markets, and consumer financing options.